Funding for small business during COVID-19

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If your business slowed down due to COVID-19, there are some programs/grants you may be eligible to apply. Here we listed a few resources:

1. Paycheck Protection Program (PPP)

  • Help small business affected by coronavirus to maintain workforce
  • SBA will provide 8 weeks of loan forgiveness for funds applied to payroll cost, mortgage interest, rent and utility expenses between 2/15/2020-6/30/2020
  • Link

2. Economic Injury Disaster Loan (EIDL)

  • To provide working capital for the companies affected by COIVD 19
  • SBA may provide up to $10,000 in emergency grants to applicants that need it in 3 days; applicants do not need to repay the grants even if the loan application is denied.
  • Link

3. Local grants (e.g. San Francisco)

Many states and cities have local programs to help small business. For example, in San Francisco, you may apply for a zero-interest loan up to $50,000, NEW CITY PROGRAM, the City’s new Small Business Emergency Loan fund
Link

For other locations, you may refer to a list on Forbes.

4. Grants by big companies

Many giant companies such as Facebook, Amazon and Google have their own grants or programs:

Facebook
Small Business Grants Program, offering $100M in cash grants
Link

Amazon
Only in Seattle region
Neighborhood Small Business Relief Fund

Google
More like Ads credits
COVID-19: $800+ million to support small businesses and crisis response


We hope you get the money. Do you know any other funding for businesses? Please comment below.

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